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With 2.9% CAGR, Vaccine Market Size To Surpass USD 12.8 Billion By The End Of 2032 | Global Insight Services

11-15-2023 06:49 AM CET | Health & Medicine

Press release from: Global Insight Services

/ PR Agency: Global Insight Services
With 2.9% CAGR, Vaccine Market Size To Surpass USD 12.8 Billion

The global vaccine market has witnessed significant evolution and expansion, driven by a confluence of factors such as the increasing prevalence of infectious diseases, advancements in vaccine technology, and heightened awareness regarding preventive healthcare. Vaccines play a pivotal role in disease prevention by bolstering immunity against various pathogens, ranging from influenza to human papillomavirus (HPV) and beyond.

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Ongoing research and development efforts have led to the creation of innovative vaccines, including mRNA-based vaccines like those against COVID-19, marking a paradigm shift in vaccine development and paving the way for rapid response to emerging infectious threats. Additionally, initiatives by governments and international organizations to enhance vaccination coverage, coupled with robust investment in immunization programs, contribute to the market's growth. The continuous expansion of the vaccine market not only addresses existing unmet medical needs but also demonstrates promise in combatting future health challenges through novel technologies and broader accessibility.

Key Trends

One key trend profoundly shaping the vaccine market is the surge in mRNA vaccine technology and its expanding application beyond infectious diseases. The success and rapid development of mRNA-based COVID-19 vaccines have accelerated research and investment in this innovative approach. This trend is not only influencing the creation of next-generation vaccines for various infectious diseases but also extending into therapeutic areas like cancer immunotherapy and personalized medicine. mRNA technology's versatility allows for swift adaptation to new pathogens and quick vaccine development, making it a promising tool for combating emerging infectious diseases.

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Key Drivers

A pivotal driver steering the vaccine market is the heightened global focus on preventive healthcare, reinforced by the imperative need to combat infectious diseases and pandemics. The COVID-19 pandemic, in particular, has underscored the critical role of vaccines in disease control and public health measures. Governments, international organizations, and healthcare stakeholders worldwide are increasingly prioritizing immunization programs to prevent the spread of infectious diseases and mitigate their impact on healthcare systems and economies.

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Market Segmentation : Vaccine Market

Vaccine Market By Age Group : Pediatric, Adult

Vaccine Market By Technology : Conjugated, Live, Inactivated, Recombinant, Toxoid, Others

Vaccine Market By Application : Cancer, Hepatitis, Pneumococcal Disease, Influenza, COVID-19, Others

Vaccine Market By Region : North America : US, Canada, Mexico, Europe : The UK, Germany, France, Italy, Spain, Netherlands, Switzerland, Asia-Pacific : China, India, Japan, South Korea, Australia, Singapore, Indonesia, Rest of Asia-Pacific, Rest of the World : Latin America, Middle East, Africa

Key Players :

AstraZeneca plc.
CSL Limited
Emergent BioSolutions Inc.
GlaxoSmithKline plc.
Johnson & Johnson
Merck & Co.
Novavax
Pfizer Inc
Sanofi S.A.
Serum Institute of India

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10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
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Excel data pack included with all report purchases
Robust and transparent research methodology

Contact Us :

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 15998
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services :

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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